Vol.17: Huobi Blockchain Big Data Weekly Insights

All data in this report was captured and analyzed by Huobi Research; please cite the source “Huobi Blockchain Big Data” for reference.

Abstract

New Data Included: New Issues and Codes on GitHub

This Week:

The number of active Bitcoin addresses increased 0.6% to 3.49 million, in a recent high; the overall transaction volume on the Bitcoin network increased 1%; the total number of transactions decreased 1.9%.
The number of active addresses in Ethereum decreased 1.7% to 0.97 million, in the near-term low; the overall transaction volume on the Ethereum network has decreased 21.1% to 10.33 million ETHs.
Ethereum had significant code updates on GitHub, in which Go-Ethereum had 3440 more line of codes.
BTC, NANO, and XLM were the most popular cryptocurrency on Reddit.

Social Media Data：

BTC, ETH, EOS to be the top trending in China, while BTC, Nano, Stellar were the top Cryptocurrencies overseas; In the Events category, “Smart contract”, “Contract” and “decentralization” were the hottest words in China, while “Wallet”, “Bot” and “Security” were the hottest words overseas; in the Exchange and KOL category, “Huobi”, “Li Xiaolai” and “OKEX” were the hottest in China, while “Coinbase”, “Binance”, “Binance” and “HitBTC” were the hottest overseas.

Market Trading Data：

In the cryptocurrency market this week, the price of Cryptocurrencies raised up more and down less. BCH receiving the largest increase of 23.2% and Monero receiving the largest decrease of 1.1% in their respective prices. BTC had the lowest volatility rate of 0.0016 s.d. Ripple had the largest volatility rate of 0.008 s.d; Top 10 Cryptocurrencies had high correlations in their price movements this week, expect Monroe.

1. On-Blockchain Data
1.1 Active Bitcoin Addresses
This week, the number of active Bitcoin addresses increased 0.6% to 3.49 million, in a recent high.

The number of new address decreased 3.8% from 1.40 to 1.35 million. The number of continuously active address increased 10% from 0.5 to 0.55 million. The number of reactivated addresses increased 1.3%.